IFC Stands with Ukraine and its People
"The World Bank Group is horrified by the shocking violence and loss of life as a result of the events unfolding in Ukraine. We are a long-standing partner of Ukraine and stand with its people at this critical moment."
— World Bank Group President David Malpass
IFC's Response to the Russian Invasion in Ukraine
Ukraine’s private sector urgently needs support, as it plays a critical role in preserving jobs, exports, and fiscal revenues, and providing the population with essential goods and services. The private sector will also have a key role in reconstruction and recovery.
As part of the broader World Bank Group’s response to the Russian invasion of Ukraine, IFC launched a new $2 billion package to support the Ukrainian private sector.
IFC’s Economic Resilience Action (ERA) program will provide an operational framework for IFC’s near-term investments and advisory work. The $2 billion response package includes finance from IFC’s own account working alongside guarantees from donor governments.